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2019 tax income cut more possible after $5.5% revenue growth

by State House News Service

For the first time in three years, Massachusetts taxpayers may be in line for another slight income tax cut in January 2019 after tax revenue growth in fiscal 2018 exceeded the threshold needed to meet the first trigger for a reduction.Department of Revenue Commissioner Christopher Harding wrote to Baker administration budget chief Mike Heffernan on Thursday informing him that baseline tax revenue growth in fiscal 2018, adjusted for inflation, gre ...